# EU corn ethanol crush margins hit 8-year low | S&P Global

> EU corn ethanol crush margins fell to the lowest level since records began in 2013, turning negative as corn prices rallied. Drought and frost in Brazil cut the crop outlook, and US crop ratings also declined, lifting Euronext corn futures more than 30% since July 1.

- Date: 2021-08-04 · published 2021-08-04T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/45557-eu-corn-ethanol-crush-margins-hit-8-year-low-s-and-p-global
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Weather-driven cuts to Brazilian and US corn supply are tightening the global corn balance and raising feed costs, while ethanol margins collapse, which can reduce DDGS output.

## Read by commodity

- CORN: bullish ▲
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-27 | [Corn hits fresh near 8-year high as global supplies tighten](https://feedsoft.ai/events/9398-corn-hits-fresh-near-8-year-high-as-global-supplies-tighten.md) | +4.7% | -1.2% |
| CORN | 2026-08-27 | [European corn, soybean meal prices near historic highs amid supply concerns \| S&P Global](https://feedsoft.ai/events/17959-european-corn-soybean-meal-prices-near-historic-highs-amid-supply-concerns-s.md) | +1.2% | +5.8% |
| CORN | 2021-06-24 | [Brazil's Second Corn Crop Estimate Cut Again as Yields Hit 5-year Low - AgWeb](https://feedsoft.ai/events/46410-brazil-s-second-corn-crop-estimate-cut-again-as-yields-hit-5-year-low-agweb.md) | +4.6% | -5.8% |
| CORN | 2023-06-13 | [Argentina soy, corn trucks entering key grains port at 22-year low](https://feedsoft.ai/events/13963-argentina-soy-corn-trucks-entering-key-grains-port-at-22-year-low.md) | +0.9% | -7.3% |
| CORN | 2023-09-30 | [India's monsoon rains hit five-year low due to El Nino](https://feedsoft.ai/events/34001-india-s-monsoon-rains-hit-five-year-low-due-to-el-nino.md) | +2.7% | +2.6% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/080421-eu-corn-ethanol-crush-margins-hit-8-year-low

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.